Beware of Unexpected Tax Liabilities Under New Accounting & Tax Rules
The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018. This
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Employers: Pay Close Attention to Your Retirement Plan’s Expenses & Fees
The Department of Labor (DOL) has been known to investigate the reasonableness of retirement plan expenses and the proper use of plan fees. In some cases, the agency has found
Do You Need to Make an Estimated Tax Payment by September 17?
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two.
Conducting A Preliminary Fraud Interview
If you suspect an employee of fraud, you will want to enlist the help of financial and legal advisors to handle the bulk of the investigation. Ahead of their arrival,
Prepare for Valuation Issues in Your Buy-Sell Agreement
Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you are prepared for
Compensating Non-Profit Board Members
Contrary to popular belief, it is usually perfectly legal to compensate non-profit board members, and sometimes it might even be necessary. But is it right for your organization? Pros &
Supervisors Promoted from Within Call for Special Care
When a supervisory position opens up, your immediate reaction as an employer may be to post a job opening to the general public. However, do not underestimate the value, efficiency,
How to Trim the Fat from Your Inventory
Inventory is expensive. So, it needs to be as lean as possible. Here are some smart ways to cut back inventory without compromising revenue and customer service. Objective inventory counts
Steering Your Non-Profit Through Its Growth Stage
A non-profit’s growth stage generally starts two or three years after formation and continues until maturity at around age seven. This period comes with a sense of accomplishment and the
Why Employers Are Taking Another Look at Life Insurance as A Fringe Benefit
In their continuing effort to assemble the most enticing employee benefits package possible, some employers are showing renewed interest in an old favorite: group term life insurance. Although such life